Samson Mow Says Rising US 10-Year Treasury Yield Is Lifting Bitcoin’s Safe-Haven Appeal
Summary
- Samson Mow said Bitcoin (BTC) is emerging as a safe-haven asset as the US 10-year Treasury yield rises.
- Mow said the market is moving toward viewing Bitcoin as a safe-haven asset as the US 10-year Treasury yield rises.
- As the rise in US Treasury yields continues, attention is turning to whether Bitcoin can attract demand as an alternative safe-haven asset.
Forecast Trend Report by Period
Bitcoin is gaining attention as a safe-haven asset as the yield on the US 10-year Treasury note rises, Samson Mow said.
Cointelegraph reported on August 20 that the JAN3 chief executive officer wrote on X, formerly Twitter, about the rise in the US 10-year Treasury yield and the direction of the Bitcoin market.
"The market is moving toward viewing Bitcoin as a safe-haven asset as the US 10-year Treasury yield rises," Mow wrote.
As US Treasury yields continue to climb, investors are watching whether Bitcoin can secure demand as an alternative safe-haven asset.
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